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repost: Amy Remeikis – Brisbane Times | 08 Oct 2015 Original article here.
Build it and they will come, make it more affordable than Sydney and Melbourne, and they’ll grow in confidence.
Queensland has seen a bump in property confidence over the last quarter, jumping another two points to 132 on the confidence index in the latest ANZ/Property Council survey, two points above the national average and well ahead of the 100 neutral score.
Queensland Property Council Executive Director Chris Mountford was pleased with where the Sunshine State fell, but felt there was “plenty of room for improvement”.
“With a 12-point gap in confidence levels between Queensland and New South Wales, it is clear that more needs to be done in Queensland to achieve favourable regulatory settings,” he said in a statement.
Mr Mountford said the state government delivering on its “key economic initiatives”, such as new planning legislation, a new State Infrastructure Plan and a new south-east Queensland regional plan, all due in the next six months, would help bolster further confidence.
“The government’s success in delivering these key strategic initiatives will shape industry confidence over the next few quarters,” he said.
“Given that property is Queensland’s biggest industry, providing 240,000 jobs across the state, these reforms must be priorities 1, 2 and 3 for the government.”
“A more confident property industry will translate directly into more jobs, greater prosperity and stronger communities right across Queensland.”
Treasurer Curtis Pitt said it was positive news for the state.
“It’s very encouraging to see confidence in the Queensland property industry is on the rise,” he said.
“The Property Council acknowledged that our positive economic policies are one of the key factors behind this increased confidence.
“They specifically cite the Palaszczuk government’s new planning legislation and the SEQ Regional Plan and new State Infrastructure Plan, which are both being developed, as contributors to the confidence boost.”
The Opposition’s Tim Nicholls also welcomed the news – but put it down to economics.
“I think what we are seeing, what is occurring in Sydney and Melbourne, as the prices there are reaching their peak, (is that) people are looking for a value proposition and there is a value proposition in Brisbane and Queensland which is encouraging people to invest here,” he said.